SPOTIFY TECHNOLOGY S.A. - Daily - Technical analysis published on 06/09/2024 (GMT)
- 201
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 296.71 USD
My targets
328.74 USD (+6.66%)
364.59 USD (+18.29%)
My analysis
SPOTIFY TECHNOLOGY S.A. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 296.71 USD. The next resistance located at 328.74 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 364.59 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPOTIFY TECHNOLOGY S.A. rating is 308.21 USD. The price registered a decrease of -3.54% on the session and was between 307.67 USD and 319.05 USD. This implies that the price is at +0.18% from its lowest and at -3.40% from its highest.307.67
319.05
308.21
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SPOTIFY TECHNOLOGY S.A. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 160.59 | 187.91 | 275.59 | 308.21 | 310.39 | 364.59 |
| Change (%) | -47.90% | -39.03% | -10.58% | - | +0.71% | +18.29% |
| Change | -147.62 | -120.30 | -32.62 | - | +2.18 | +56.38 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 292.86 | 300.26 | 304.24 | 311.64 | 315.62 | 323.02 | 327.00 |
| Camarilla | 305.08 | 306.12 | 307.17 | 308.21 | 309.25 | 310.30 | 311.34 |
| Woodie | 291.14 | 299.41 | 302.52 | 310.79 | 313.90 | 322.17 | 325.28 |
| Fibonacci | 300.26 | 304.61 | 307.30 | 311.64 | 315.99 | 318.68 | 323.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 276.30 | 291.83 | 300.02 | 315.55 | 323.74 | 339.27 | 347.46 |
| Camarilla | 301.69 | 303.86 | 306.04 | 308.21 | 310.38 | 312.56 | 314.73 |
| Woodie | 272.63 | 290.00 | 296.35 | 313.72 | 320.07 | 337.44 | 343.79 |
| Fibonacci | 291.83 | 300.89 | 306.49 | 315.55 | 324.61 | 330.21 | 339.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 248.70 | 264.68 | 280.73 | 296.71 | 312.76 | 328.74 | 344.79 |
| Camarilla | 287.97 | 290.91 | 293.84 | 296.78 | 299.72 | 302.65 | 305.59 |
| Woodie | 248.74 | 264.70 | 280.77 | 296.73 | 312.80 | 328.76 | 344.83 |
| Fibonacci | 264.68 | 276.92 | 284.48 | 296.71 | 308.95 | 316.51 | 328.74 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.54 | |
| MACD (12,26,9): | 6.6100 | |
| Directional Movement: | 3.61 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 315.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 296.10 | |
| Elder Ray (13): | 2.84 | |
| Super Trend (3,10): | 295.54 | |
| Zig ZAG (10): | 308.21 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 65.04 | |
| TEMA (21): | 316.68 | |
| Williams %R (14): | -58.84 | |
| Chande Momentum Oscillator (20): | 3.28 | |
| Repulse (5,40,3): | -5.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 10.09 |
| MA7: | 313.46 | |
| MA20: | 305.55 | |
| MA50: | 296.83 | |
| MA100: | 269.48 | |
| MAexp7: | 313.81 | |
| MAexp20: | 307.11 | |
| MAexp50: | 293.64 | |
| MAexp100: | 270.49 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +3.83% | |
| Price / MA100: | +14.37% | |
| Price / MAexp7: | -1.78% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +4.96% | |
| Price / MAexp100: | +13.95% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SPOTIFY TECHNOLOGY S.A. - Daily